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Spanair To Take A Stake In SAS?  
User currently offlineLeskova From Germany, joined Oct 2003, 6075 posts, RR: 70
Posted (10 years 11 months 3 weeks 4 days 2 hours ago) and read 3844 times:

Just read this on CNN (that annoying news-bar at the bottom of the screen): two "officials" from Spanair have said that Spanair is planning on taking a "significant stake" in SAS...

I thought that Spanair is, to a significant part, owned by SAS!?!

Anyone know more about this?


Smile - it confuses people!
13 replies: All unread, jump to last
 
User currently offlinePKK From Denmark, joined Apr 2003, 184 posts, RR: 2
Reply 1, posted (10 years 11 months 3 weeks 4 days 2 hours ago) and read 3820 times:

Think it is the other way around. Just read on www.boarding.no (Norwegian web travel news) that SAS and Lufthansa are planning to use Spanair to break Iberias near monopoly on the South Atlantic routes out of Europe. Since Spanair at present does not operate anything bigger than A321's. "help" from SAS or Lufthansa with Equipement is expected..... possibly even new orders as Spanair has just published quite a good profit for the first 3 quarters of 2003.

Haven't found a link to these news in English sorry.

Here it is in Norwegian: http://www.boarding.no/art.asp?id=10359

Peter


User currently offlineLeskova From Germany, joined Oct 2003, 6075 posts, RR: 70
Reply 2, posted (10 years 11 months 3 weeks 4 days 2 hours ago) and read 3808 times:

That's actually what I was thinking as well... but I've read the message again by now...

Although, the way it was written, it could also be interpreted as specifically these two executives of Spanair planning to buy a part of SAS - but somehow I don't think that this sounds any more likely than the other way of reading it...

If I see it again, I'll try to put it in here exactly how they're broadcasting it...



Smile - it confuses people!
User currently offlineLeskova From Germany, joined Oct 2003, 6075 posts, RR: 70
Reply 3, posted (10 years 11 months 3 weeks 4 days 2 hours ago) and read 3794 times:

Ok, this is how they're broadcasting it: "Two Spanair executives say they'll take a "significant stake" in scandinavian airline SAS"...


Smile - it confuses people!
User currently offlineCFM-56 From Finland, joined Sep 2001, 239 posts, RR: 0
Reply 4, posted (10 years 11 months 3 weeks 4 days 2 hours ago) and read 3772 times:

Spanair operated a route to New York with 767 equipment.They suspended it after 9/11 though.Would be nice to try out their intercontinental service if they start up again!

User currently offlineLeskova From Germany, joined Oct 2003, 6075 posts, RR: 70
Reply 5, posted (10 years 11 months 3 weeks 4 days 2 hours ago) and read 3772 times:

They also flew to GRU for a while - and I think also to EZE, but that might have been a connection through GRU... unfortunately they had a 2-4-2 config on their 767s...


Smile - it confuses people!
User currently offlinePKK From Denmark, joined Apr 2003, 184 posts, RR: 2
Reply 6, posted (10 years 11 months 3 weeks 4 days 1 hour ago) and read 3743 times:

Yup you are right..... just did a search.

Danish Reuters reports that two Spanair exec's plans to discretely buy a significant stake in SAS in January...... discretely..... so how come they held a press conference???? Very strange, don't think any of the 3 governments shares are up for sale, so who's shares?????

Link to Danish news: < http://dk.biz.yahoo.com/031210/49/2zm4i.html>

Peter


User currently offlineGMIDT From United Kingdom, joined Nov 2003, 15 posts, RR: 0
Reply 7, posted (10 years 11 months 3 weeks 4 days ago) and read 3681 times:

Since SAS nearly ownes a 100% of Spanair, didn't they have to suspend operation NON EU routes as the company is majority non Spanish owned etc and North American traffic rights can no longer be used as the company is majority non spanish?

Any thoughts?


User currently offlineBicoastal From , joined Dec 1969, posts, RR:
Reply 8, posted (10 years 11 months 3 weeks 4 days ago) and read 3660 times:

The media is a bit misleading. What's happening is SAS is increasing its stake in Spanair to around 95% doing so by buying the shares from the Spanair chairman and another executive. In turn, the two chairman and executive of Spanair are going to increase their investment in SAS shares. So, SAS will be the dominate owner and the Spanair executives are going to be intimately involved in SAS due to their ownership of a significant amount of stock.

Gotta' love the business world.




User currently offlineSAS-A321 From Denmark, joined Mar 2002, 401 posts, RR: 0
Reply 9, posted (10 years 11 months 3 weeks 4 days ago) and read 3642 times:

Saw this weekend that SAS have three parked 767-386ER parked at CPH. Maybe Spanair could start intercontinental flights with them.


It's Scandinavian
User currently offlineJopavon From Mexico, joined Nov 2003, 304 posts, RR: 6
Reply 10, posted (10 years 11 months 3 weeks 3 days 23 hours ago) and read 3610 times:

Weird, JK is 94,5% controlled by SK, although they might re-launch transatlantic service in cooperation with SK and LH.

Spanair operated a route to New York with 767 equipment.They suspended it after 9/11 though.Would be nice to try out their intercontinental service if they start up again!
No, the flight was MAD-IAD codeshare with UA. They also served MAD-EZE, and MAD-GRU, al using 763s.

Saw this weekend that SAS have three parked 767-386ER parked at CPH
The 763s parked are supposed to be leased to MX, which received the first this week.



Come fly Mexicana, to Mexico!
User currently offlineSAS-A321 From Denmark, joined Mar 2002, 401 posts, RR: 0
Reply 11, posted (10 years 11 months 3 weeks 3 days 23 hours ago) and read 3595 times:

Jopavon: MX wasn't they quitting the Star Alliance? If so, why lease the 767 to them  Big grin


It's Scandinavian
User currently offlineJopavon From Mexico, joined Nov 2003, 304 posts, RR: 6
Reply 12, posted (10 years 11 months 3 weeks 3 days 23 hours ago) and read 3596 times:

Yes, MX is quitting Star Alliance, but they are already leasing the planes.
LN-RCG has been re-registered as XA-MXB and will start non-stop LAX-MX), Mexico">MEX-EZE on Dec. 15.

Here's a link with the picture: http://www.airliners.net/open.file?id=467931&WxsIERv

I also found a link that confirms the post:
http://news.airwise.com/stories/2003/12/1071052413.html



Come fly Mexicana, to Mexico!
User currently offlineCopenhagenboy From Denmark, joined Sep 2001, 599 posts, RR: 1
Reply 13, posted (10 years 11 months 3 weeks ago) and read 3503 times:

In fact, they were flying MAD-Havana too, in codeshare with SAS until about 2 years ago

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